Financial Institutions Failing To Integrate Nature And Climate: New Report Warns Inaction On Nature Impedes Net-Zero Ambitions
Financial institutions (FIs) are failing to account for nature-related dependencies, risks and opportunities in their financial decision-making, according to ‘Nature in Green Finance’ – a newly launched report by CDP. The report, which identifies significant gaps in how FIs oversee, implement, manage, and measure nature-related impact compared to climate change, urges that action must first begin with system-wide recognition of the intrinsic link between impacts on climate and those on nature. The CDP report concludes that success in building a green and resilient financial system necessitates leadership and action from FIs informed by credible and comprehensive data.
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Source: CDP (link opens in a new window)